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Dec 6, 2012
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citi's news lifting the banking sectoroff all. "wall street journal" suggests the new ceo still needs to set the a new path for the bank to follow and argues corbat is unlikely to get anything close to 100% approval rating especially if he chooses to postpone returning money to shareholders. >> there was a lot of different cross currents from what people were hearing yesterday in washington. market well above 100. >> ended up 85 for the day. >> i guess the demise of john boehner as speaker was greatly exaggerated. did you see this "new york times" piece? more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get a freebie is ju
citi's news lifting the banking sectoroff all. "wall street journal" suggests the new ceo still needs to set the a new path for the bank to follow and argues corbat is unlikely to get anything close to 100% approval rating especially if he chooses to postpone returning money to shareholders. >> there was a lot of different cross currents from what people were hearing yesterday in washington. market well above 100. >> ended up 85 for the day. >> i guess the demise of...
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Dec 7, 2012
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what has the city of chicago be doing? >> rahm emanuel took on the teacher's union. >> he got rolled. and they've been selling assets. it's been asset sales, parking contract, not dealing with the underlying spending problems. so house republicans are determined to deal with this debt question. so when boehner comes out and gives his talk right after the election -- >> but honestly, the administration has criticized the republicans because there are no specifics in the spending cuts. >> come on, look. the erskine bowles language -- you know how this works. house republicans are will -- >> give me one. >> i won't play that game and here's why. house republicans -- house republicans are willing to sit . house republicans are willing to sit down. they're not any more anxious to deal with the cuts and pass the cuts than anybody else is but we demonstrated through the ryan budget, we did it once, we did it twice -- >> i'll give you that point. i wish everybody would stop talking about this in public and get behind closed doors
what has the city of chicago be doing? >> rahm emanuel took on the teacher's union. >> he got rolled. and they've been selling assets. it's been asset sales, parking contract, not dealing with the underlying spending problems. so house republicans are determined to deal with this debt question. so when boehner comes out and gives his talk right after the election -- >> but honestly, the administration has criticized the republicans because there are no specifics in the...
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Dec 11, 2012
12/12
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the only time either in the states, or in a city, detroit, you can't have more money. oh, we may have to reform. they may actually reform detroit. finally. but as long as you're bailing things out, they don't get reform. and the same thing is true in the corporate world. you're throwing money at them, cash, other people's cash, they're not going to reform. >> there's an article on the front page of "the wall street journal" today that lays out the difficult time that house speaker boehner has had in trying to control his party. they call them the unruly freshmen class of 2010. many of them are tea party members. many of them are close to you. boehner has moved forward with trying to reward some members, to curry favor and other situations over the last couple of weeks he has removed three tea party members from key committees, because they were not voting in line. he's flexing his muscle when it comes to the leadership. some of these people are very close to you. how do you see his leadership right now? >> well, i'm a strong supporter of boehner. i think he's been quit
the only time either in the states, or in a city, detroit, you can't have more money. oh, we may have to reform. they may actually reform detroit. finally. but as long as you're bailing things out, they don't get reform. and the same thing is true in the corporate world. you're throwing money at them, cash, other people's cash, they're not going to reform. >> there's an article on the front page of "the wall street journal" today that lays out the difficult time that house...
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Dec 12, 2012
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the biggest inequality in the united states is inner city education. half the kids in inner schools do high school. many of those kids are minority. it's wrong. it's unfair. it kills opportunity. we all want an equitable society. what makes it equitable? you can do it the way cuba tried. okay. well, then it will be equitable but it won't be much. i don't see people saying i want inequity. we want to lift society up so everyone's better off. that does not mean people don't have to pay people what they're competitively worth. if you don't want a free society, then start dictating what compensation can be. >> this conference is called opportunities for tomorrow. i want to get your sense in terms of where you think, in this country at least, and maybe globally, the next rate opportunity is, if you will. from an investing perspective. >> i've been around in asia and hong kong and japan recently and chile and brazil. you know what the most blinding thing is? you know who's got the best opportunity in the world? right here. best universities, best businesses,
the biggest inequality in the united states is inner city education. half the kids in inner schools do high school. many of those kids are minority. it's wrong. it's unfair. it kills opportunity. we all want an equitable society. what makes it equitable? you can do it the way cuba tried. okay. well, then it will be equitable but it won't be much. i don't see people saying i want inequity. we want to lift society up so everyone's better off. that does not mean people don't have to pay people...
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Dec 14, 2012
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its his legacy going forward, and then we leave the table and we're still friends. so, can i sell it to you? i can't sell it with passion. but i will say that this is action in a city called washington, or sometimes in texas we call it washington-stand where people never get anything done or don't appear to be easily able to get things done. we do get things done. we make a decision and we proceed. >> i think that's one thing you can say about the fomc and this leader's chairmanship. we're going in new direction. the question is, is the efficacy of what we're doing solid or not? we'll continue to examine that. and if it's not, we're going to have to change course. it's the best i can tell you, joe. >> i understand. i understand. and you're a reasonable, calm, conciliatory, collegial, the fed is very collegial. but i would -- >> that's right. >> -- at some point wonder whether you might just snap? because you've been on in the past, with much less significant, and much less -- much smaller actions were being taken that really raised your eyebrows, and i -- that we kn
its his legacy going forward, and then we leave the table and we're still friends. so, can i sell it to you? i can't sell it with passion. but i will say that this is action in a city called washington, or sometimes in texas we call it washington-stand where people never get anything done or don't appear to be easily able to get things done. we do get things done. we make a decision and we proceed. >> i think that's one thing you can say about the fomc and this leader's chairmanship....
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Dec 13, 2012
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i had a lunch. >> it was in the city. >> no. >> you were so close, you came across the bridge? >> i also had to meet with my style team. >> okay. >> my style is lacking, apparently. >> another historic night at madison square garden and the 12-12-12 concert brought relief for hurricane sandy. the sold-out show lasted nearly six hours and was said to have reached an audience of two billion, with a b, people around the world. it was broadcast over tv, radio, internet, quite a night if you were lucky enough to have a ticket. i was actually at another charity dinner where they auctioned off tickets to this event with a car waiting outside and some very generous person spend $19,000 and bought the tickets. >> not that much. >> 19 you think is not? >> i thought there were tickets earlier that were going for more than that, also. >> it was an extraordinary concert for an extraordinary situation. and -- >> it will be interesting to see how much money -- >> we'll probably find out soon enough how much money was raised. >> 12-12-12. and we're all still here. >> someone told me at 12:-12-
i had a lunch. >> it was in the city. >> no. >> you were so close, you came across the bridge? >> i also had to meet with my style team. >> okay. >> my style is lacking, apparently. >> another historic night at madison square garden and the 12-12-12 concert brought relief for hurricane sandy. the sold-out show lasted nearly six hours and was said to have reached an audience of two billion, with a b, people around the world. it was broadcast over tv,...